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Nigerian Government Says Can’t End Fuel Scarcity Now

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The Minister of​ State for Petroleum, Ibe Kachikwu, on Wednesday said fuel scarcity may persist for two more months as oil produced in the refineries would not be sold but kept in a “strategic reserve”.

PIC.12.PRESIDENT-BUHARI-MEETS-LEADERSHIP-OF-NUPENG-AND-PENGASSAN-IN-ABUJA-1

Addressing journalists after leading members of the National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to meet with​President Muhammadu Buhari at the Presidential Villa, Abuja, Mr. Kachikwu said he had no “magic wand” to​ make fuel available overnight.

“One of the training​s ​I did not receive is that of a magician, but I am working very hard to ensure some of these issues go away​,” said Mr. Kachikwu.​

“And let’s be honest, for the five or six months we have been here, NNPC has moved from a 50 per cent importer of products to basically a 100 per cent importer.

“And the 445​,000​ barrels that were allocated was to cover between 50 and 55 percent importation.

“So it ​is quite frankly sheer magic that we even have the amount of product at the stations. We are looking to see how to get foreign exchange input. The president and I discussed extensively on how to get more crude directed at importation.

“His Excellency will rather have less crude but have individuals in the society suffer less with inconveniences than have more crude and have them continue to suffer.

“So we are going to put a new model to enable us increase the pace and actually get (oil) majors as part of the crew of those to bring in more products so that the NNPC will sort of go back to the capacity of what it used to do and the majors will take over the balance of importation.

“So over the next two months, we should see quite frankly a complete elimination of this.

“Our strategy is that whatever is produced in the refineries will not go for sale, we are going to keep them in strategic reserve.

“Because the key problem here is that there is no reserve​.​ ​A​ny​ ​time there is a gap​ ​in​ supply​,​ it goes off.

“So we are going to dedicate the next couple of months to moving all the products that we produce to strategic reserve so that we can pile up reserves in the nation and that will push up the reserves in the nation.

“Believe me, this is giving me and my team sleepless nights and we are working on it and we are committed​ to making this go away, Nigerians should please bear with us​,​” he told journalists after the meeting.

The meeting with the president is coming weeks after oil workers in an industrial action shut down operations of the NNPC for fear of job cuts following an announced restructuring of the corporation.

Mr. Kachikwu, who doubles as managing director of NNPC, said this was the first time the unions were meeting with the president to review some of the concerns in the oil industry to find solutions.

Some of the concerns, he said, included the Petroleum Industry Bill (PIB), fuel scarcity issue as well as the refineries for which “we are thankful we didn’t sell”.

According to him, the unions are also worried about the utilization of depots as well as all kinds of logistic issues that plague the oil industry.

“They are worried about job loss in the sector arising from the position of majors who feel that the economy​ is giving the rough end of the sticks and then try to whittle down staff.

“And so we are going to be working with the oil majors to ensure that we do not experience the kind of job loss that we are hearing has the potential to occur in the sector​,​” he added.

The national presidents of​ ​NUPENG and PENGASSAN, Igwe Achese and Olabode Johnson,​​ told journalists that Mr. Buhari assured the unions that they would continue to be part of the ongoing​ restructuring in the sector.

Source:PremiumTimes

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This country can only get worse – Cubana Chief priest

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Celebrity barman, Cubana Chiefpriest has disclosed that the current situation in Nigeria can only get worst.

His comment follows the economic state of the country, coupled with corrupt activities of politicians in the country.

 

 

The self-acclaimed celebrity barman shared his thoughts about the ongoing nationwide looting on his Instagram page.

He expressed his concerns over the belief people have in a government who according to him, can not provide basic amenities for its citizens like good roads and proper health care.

Cubana also spoke about the rise in the price of a bag of rice in Nigeria which is ten times over the price for a bag of cement.

The summary of his post is a stirring of hopelessness and uncertainty over a government who allegedly refused to distribute palliatives to its citizens in a time of need. He also hammered on the fact that people should not expect much from a government who refused to give its citizens what is rightfully theirs.

Read the post below:

“So Funny How We Are Expecting Light, Good Roads, Health Care, Security, Education, Development, Empowerment Etc From People That Refused To Give Us Common Noodles To Eat. As Of Today Cement Na 4,000 Rice Na 38,000 We Are Finished, Sometimes I Wonder If God Dey For Real Because How Can God Comfortably Watch These Oppressors Oppress Us. This Country Na Wah !!!! To Me It Can Only Get Worse.”

See post below:

 

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So Funny How We Are Expecting Light, Good Roads, Health Care, Security, Education, Development, Empowerment Etc From People That Refused To Give Us Common Noodles 🍝 To Eat. As Of Today Cement Na 4,000 Rice Na 38,000 We Are Finished, Sometimes I Wonder If God Dey For Real Because How Can God Comfortably Watch These Oppressors Oppress Us. This Country🇳🇬 Na Wah !!!! To Me It Can Only Get Worse #CelebrityBarMan💫

 

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Yahoo-Yahoo Responsible For Low Rate Of Cultism: Seyi Awolowo

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Yahoo-Yahoo Responsible For Low Rate Of Cultism: Seyi Awolowo

Seyi Awolowo, former Big Brother Naija housemate has opined that the rate of cultism in Nigeria has reduced, adding that youths are now more focused on making money.

Awolowo, who disclosed this in an exclusive interview with GoldMyneTV, stated that youths engaging in online scam are influenced by politicians who indulge in the looting of public funds.

 

During an interview with GoldMyneTV, Seyi was asked if the youths engaging in cyber-crime are influenced by politicians who indulge in the looting of public funds.

Read his words below;

”This thing is long and deep. I don’t stand for the yahoo-yahoo thing. But do you know that yahoo is the reason we don’t have really high amount of cultism?

And this is just my perspective ‘cause when I was in university, I was always harassed by cultists. But then the next thing, there was a flow of yahoo and they all just disappeared.

People that used to slap and want to obtain would now rather give. It is something bad, so overtime we abused it.

Leaders who are supposed to make us see bad in it are doing worse things, stealing more money, and getting away with it. So yahoo boys are like, ‘if he can steal and get away, why can’t I? And I’m not even stealing from Nigeria’.”

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I don’t give people information about me: Kiddwaya

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I don’t give people information about me: Kiddwaya

Kiddwaya, former Big Brother Naija housemate has revealed that he doesn’t give people information about him or anyone close to him.

The billionaire’s son, who disclosed this in a series of tweets he sent out on Tuesday, disclosed that he is a very private person.

Taking to his Twitter page, the BBNaija 2020 star called out a particular user identified as @DoodooArmani and other bloggers.

Explaining further, Kidd said if there was anything about him that fans needed to know, they would hear it directly from his Twitter and Instagram pages. In his words:

“I’m actually a very private person and I don’t give people information about me or anyone close to me. If there’s any new information you will hear it directly from my Twitter or Instagram, not from @DoodooArmani or any other bloggers. Good morning and I love you all.”

See his tweet below:

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